Key Information Statement for Loan Products — Baroda Finovise Private Limited.
Welcome to the small-ticket credit loan service offered by BARODA FINOVISE PRIVATE LIMITED.
We aim to present the product rules and important points in a clear and straightforward way. Please take a few minutes to read the following carefully before submitting your application. By submitting an application, you acknowledge that you have read and accepted all the information below.
| Item | Details |
|---|---|
| Loan Amount | ₹2,000 – ₹180,000 |
| Loan Tenure | 3 – 30 months |
| Daily Interest Rate | 0.045% – 0.065% per day |
| Annual Percentage Rate (APR) | 19% – 30% (capped at 30%) |
The final interest rate offered to you will be determined based on your individual credit assessment.
Ranges from ₹0 to ₹2,500. The exact amount is determined by the loan amount, tenure, and credit assessment, and is deducted from the principal at the time of disbursement.
If repayment is delayed, an overdue fee of 0.45% per day will be charged on the overdue amount. Total overdue charges will not exceed the principal amount.
You may repay the loan in full or in part at any time. No additional fees or penalties will be charged for early repayment.
Assume the following terms:
This example is for illustration purposes only. The actual terms offered to you will be clearly shown on the in-app approval screen, and the APR will not exceed 30%.
Under normal circumstances, you simply repay the principal and interest according to the agreed schedule.
If you wish to settle early, you can do so at any time without extra charges.
In case of overdue payment, overdue fees will apply. Late repayment may also affect your credit record and reduce the likelihood of future loan approvals.
We use an internal risk assessment system that evaluates your credit profile, repayment capacity, and application details to decide the final loan amount, tenure, and interest rate.
Results may differ from person to person. The Company reserves the final decision on approval.
Borrowing is a serious financial commitment. Please carefully assess your income and expenses to ensure you can repay on time.
Failure to repay as scheduled may result in:
We recommend borrowing only what you truly need and can comfortably repay.
Before you confirm the loan, all interest rates, service fees, total repayment amount, and the repayment schedule will be fully displayed on the screen. There are no hidden charges.